Milestone Signs Sale and Leaseback Agreement with PHI Aviation for one Airbus H175 Helicopter
DUBLIN – August 7, 2024 – The Milestone Aviation Group Limited (“Milestone”) today announced that it has signed a sale and leaseback agreement for one super-medium Airbus H175 helicopter with commercial helicopter operator, PHI Aviation (“PHI”).
The H175 helicopter, known for its long range, advanced avionics, and high payload capacity, was recently delivered to PHI and will fly offshore energy missions for its operations in Australia.
"We are pleased to extend our relationship with PHI and support their fleet expansion with the lease of this H175,” said, Pat Sheedy, the Chief Executive Officer of Milestone. “As the offshore oil and gas market continues its transition to new technology super-medium helicopters, Milestone is well-positioned to meet the needs of our customers with a portfolio consisting of the most modern fuel-efficient technology helicopters on the market.”
“The Airbus H175 is a versatile and high-performing helicopter that perfectly aligns with PHI’s commitment to safety, reliability and excellence,” said Scott McCarty, CEO of PHI. “The addition of the H175 enhances our capabilities in supporting offshore energy operations in Australia, providing our customers with increased efficiencies and operational flexibility. PHI remains committed to investing in the latest technology, and we look forward to continuing our partnership with Milestone to deliver this advanced aircraft to our growing fleet.”
About Milestone
Milestone Aviation Group, an AerCap company, is the world’s leading helicopter leasing and financing company. Milestone partners with helicopter operators worldwide, providing a wide array of financial and productivity solutions, including operating leases, purchase/leasebacks, secured debt financing, engine leasing and fleet advisory. The company supports approximately 50 customers in approximately 35 countries serving a variety of industries, including offshore oil and gas, search and rescue, emergency medical services, police surveillance, mining, firefighting, and other utility missions. www.milestoneaviation.com
About AerCap
AerCap is the global leader in aviation leasing with one of the most attractive order books in the industry. AerCap serves approximately 300 customers around the world with comprehensive fleet solutions. AerCap is listed on the New York Stock Exchange (AER) and is based in Dublin with offices in Shannon, Miami, Singapore, Memphis, Amsterdam, Shanghai, Dubai, Seattle, Toulouse and other locations around the world.
About PHI Aviation
For more than 75 years, PHI Aviation has been a trusted partner and leading provider of essential aviation services to the energy industry. As a division of PHI Group, PHI Aviation offers safe and reliable transport for approximately 400,000 passengers annually. Backed by a global fleet of more than 100 helicopters, PHI Aviation provides passenger transport for offshore exploration, pipeline production platforms, ships and vessels, and specialized search and rescue (SAR) services to customers around the world. For more information, visit www.phihelico.com.
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